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UPS (NYSE:UPS) today announced third-quarter 2016 diluted earnings per share of $1.44, a 3.6% increase over the same period last year. International operating profit increased 14% to $576 million, achieving the seventh consecutive quarter of double-digit growth.
New Cargo Aircraft Add Fleet Capacity and Flexibility in UPS Global Air Network
Editor’s note: Photos, Videos and Fact Sheet are available at this link.
UPS (NYSE:UPS) today announced it has ordered 14 new Boeing 747-8 cargo jets to meet increased demand for the company’s air shipping services. UPS’s long term strategy is to increase customers’ access to global markets and air shipments are a major growth opportunity for the company. The 747-8s will enable UPS to begin a cascade of aircraft route reassignments that will add significant air capacity to the company’s busiest lanes, thereby optimizing global air network capacity well beyond the impact of adding new cargo jets.
UPS (NYSE:UPS) plans record seasonal global delivery volume with an increase of more than 14 percent above the peak delivery period last year. The company and its customers benefit from two additional delivery days during 2016. This year the company expects to surpass 700 million packages delivered globally in 25 days between Thanksgiving and New Year’s Eve.
As part of Europe's Community Customs Code, new security procedures known as the Import Control System (ICS) went into effect on January 1, 2011.
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